Tidbits, Basis Weakening, Tariffs, Fertilizer, Broilers & Ethanol 8/7/25
- Wright team
- Aug 7
- 4 min read
Tidbits
Basis: Delphos, Ohio Bunge soybean crush plant weakened their fall delivery basis by 5¢ to -35X (35¢ under November futures) on Monday or Tuesday. Producers Ag’s Canton, Kansas facility weakened their fall delivery corn basis by 5¢ to -35Z (35¢ under December) yesterday as did Cargill at its corn syrup plant in Dayton, Ohio to -25Z.
If you have not made a decision about setting fall delivery basis, make it today. That does not mean you should blindly set the basis on all bushels you cannot store, but make a decision to set or not set the basis on some bushels or a lot of bushels based upon these guidelines: https://www.youtube.com/watch?v=DD8VNhYTPQI
Tariffs: New 50% tariffs on Brazil exports to the U.S. start today, affecting beef, coffee and more.
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